Westpac has appointed former AMP chief executive Craig Dunn to its board as an independent non-executive director.
In a statement to the ASX, Westpac said it has appointed former AMP chief executive Craig Dunn to the role starting 1 June 2015.
Mr Dunn’s appointment also follows his recent appointment as the chair of Sydney’s new financial technology hub Stone & Chalk.
Prior to his role as the head of AMP, Mr Dunn held a number of senior executive roles including managing director of financial services and managing director of AMP banking.
Before his time with AMP, Mr Dunn was the chief executive of a Malaysia-based insurance company, a joint venture of Colonial Limited.
"During his time with Colonial he also held the position of general manager, group finance, specialising in strategy, mergers and acquisitions. Prior to this, he worked with KPMG, including in Europe and Indonesia," the statement said.
Commenting on Mr Dunn’s appointment, Westpac chairman Lindsay Maxsted said he is “highly regarded” within the financial services sector and will be a “significant asset” for the board.
“Wealth management is a key growth area for Westpac, and having Craig on the board will support this strategy and complement the board’s current skills and experience” Mr Maxsted said.
The National Australia Bank has announced that it will pay out over $310 million to customers impacted by its wealth business. ...
New research has found the consequences that fees can have on an investment and how higher fees do not necessarily correlate with performanc...
A new fund based on a long-running strategy from asset manager Insight Investment has been added to the Macquarie Wrap platform. ...